This page contains training videos and training materials on Credit and Credit Default. This training will be of interest to customers who want to understand the Credit Cover arrangements and in particular new BSC Parties before they register their first Balancing Mechanism (BM) Unit.
What is covered in these training videos
- Why BSC Parties need Credit Cover
- The calculation of Credit Cover
- Credit Default
- Consequences of Credit Default
- Payment Default
- Preparing to trade – Credit Cover preparation for new BSC Parties
Video 1: Introduction to Credit Cover
[Video Reviewed: 2021]
- For the Credit Cover and Credit Default module 1 training video transcript please contact [email protected]
Training video slides
Video 2: Calculation for Non-Credit Qualifying BM Units
[Video Reviewed: 2021]
- For the Credit Cover and Credit Default module 2 training – Calculation for Non-Credit Qualifying BM Units video transcript please contact [email protected]
Training video slides
Video 3: Calculation for Credit Qualifying BM Units
[Video Reviewed: 2021]
- For the Credit Cover and Credit Default module 3 training – Calculation for Credit Qualifying BM Units video transcript please contact [email protected]
Training video slides
Video 4: Calculation for Interconnector BM Units
[Video Reviewed: 2021]
- For the Credit Cover and Credit Default module 4 training – Calculation for Interconnector BM Units video transcript please contact [email protected]
Training video slides
Video 5: Credit Default process
[Video Reviewed: 2021]
- For the Credit Cover and Credit Default module 5 training – the Credit Default process video transcript please contact [email protected]
Training video slides
[Video Reviewed: 2021]
- For the Credit Cover and Credit Default module 6 training – Credit Information in the Elexon Portal video transcript please contact [email protected]
Training video slides
Recommended reading
Operational guidance
Guidance Notes